Regardless of WHO incurred the obligation, and WHEN it was incurred, it is the current management's responsibility to deal with it as they find it. Its hard for me to know if they are on strategy, or ducking and hopeful (hope is neither a plan nor a strategy) but the hint of not as good and intent on executing well management troubles my strategy greatly. My theory is Ford has really good management just now. This set of facts challenges that assumption.

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